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We talked about the Chinese car manufacturer GAC Aion on several occasions. First for the revolutionary batteries capable of handling very fast recharges, then for the hypercharge columns with power up to 480 kW, and recharging in just 5 minutes. Then came the electric SUV with 1,000 km of autonomy, and more recently GAC Aion also entered the race for the battery exchange stations, again amazing everyone and promising exchange times of just 2 minutes.
It goes without saying that so much abundance of results and technical specifications could attract the attention of investors in the sector, and in fact GAC Aion (subsidiary of GAC dedicated to alternative energy vehicles) has just closed without problems a round of investments of € 2.56 billion.
The round, with the participation of 53 investors, could lead, in the not too distant future, even to an IPO, a possibility already evaluated internally, and also by the parent company. In the meantime, however, this new liquidity will offer GAC Aion further industrial flexibility, but a company already capable of deliver over 30,000 vehicles last September alone.
In addition, in mid-October Work has begun on the construction of the second factory, originally scheduled for December. Once completed, the new structure it will bring the production level to 400,000 vehicles per year, with the possibility of even reaching 600,000, with the addition of more work shifts. But the moves are not over. The divisions that will deal with were also born last August directly produce electric motors and LFP batteries, so as to further reduce external dependence. A very rapid rise, which once more demonstrates how the Chinese auto industry is responding much faster to change, compared to the European and American ones (with the exception of Tesla).
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